Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
European shares gain as Britain delivers rate cut
(Reuters) - European shares rose for the first time in five sessions on Wednesday, as Britain became the latest country to cut interest rates in a bid to contain the economic damage from the coronavir...
Mar 11, 2020
One person infected with coronavirus at Equinor’s offshore oil project
OSLO (Reuters) - A worker at Equinor's Martin Linge offshore oil and gas development has been diagnosed with the coronavirus and is being held in isolation, the Norwegian energy firm said on Wednesday...
Mar 11, 2020
Saudi Arabia asked state agencies to prepare for sharp budget cuts: sources
By Marwa Rashad, Saeed Azhar and Stephen Kalin RIYADH/DUBAI (Reuters) - Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive t...
Mar 11, 2020
Bank of England cuts rates by half a percent to 0.25%
By David Milliken LONDON (Reuters) - The Bank of England unexpectedly cut interest rates by half a percent on Wednesday in a shock move to bolster Britain's economy against disruption caused by the co...
Mar 11, 2020
Saudi Aramco asked to boost oil output capacity to 13 million bpd: CEO
DUBAI (Reuters) - Saudi Aramco has been directed by the Ministry of Energy to raise its oil production capacity to 13 million barrels per day (bpd) from 12 million bpd now, the company's Chief Executi...
Mar 11, 2020
Business travel sector to lose $820 billion in revenue on coronavirus hit: industry group
(Reuters) - The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses, as corporates curb travel plans in the face ...
Mar 11, 2020
Uber may temporarily suspend accounts of riders, drivers with coronavirus: CNN
(Reuters) - Uber Technologies Inc is considering temporarily suspending the accounts of riders and drivers who have tested positive for the coronavirus or have been exposed to it, CNN reported on Wedn...
Mar 11, 2020
Malaysia forms panel to combat economic impact from virus, oil price crash
By Joseph Sipalan KUALA LUMPUR (Reuters) - Malaysia's new government will set up an economic action council to tackle serious risks to the economy, notably the impact of the coronavirus epidemic on tr...
Mar 11, 2020
China’s building work stalls in February, as virus keeps workers indoors
BEIJING/TOKYO (Reuters) - China's construction activities were stalled in February as the government extended Lunar New Year holidays and advised people to stay indoors as a precaution against a coron...
Mar 11, 2020
Japan Inc tightens wage purse strings as coronavirus clouds gather
By Tetsushi Kajimoto TOKYO (Reuters) - Against the backdrop of the coronavirus epidemic and a looming global economic slowdown, big Japanese carmakers and electronics firms are tightening their belts ...
Mar 11, 2020
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